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Pastimes : All Clowns Must Be Destroyed

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To: cfimx who wrote (16319)3/10/2000 6:00:00 PM
From: pater tenebrarum   of 42523
 
i don't think there are limitations on what we can or can't get...sure, these stocks are down a lot, but many of the 'value' stocks are still overvalued. KO and PG are 50% down, so what? they should be coming down another 50-60%. if they do that within 2 days, it's a crash.
people have totally lost perspective regarding the terms 'cheap' and 'expensive'. just because the tech bubble is even more overvalued doesn't mean that what has come down isn't.
i agree there are some stocks that ARE cheap. but that could change completely if the economy goes into a recession. then even those 'cheap' stocks will be too expensive once again.
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